RE: Quora Corner -- Crypto in a Global Recession?

You are viewing a single comment's thread from:

Quora Corner -- Crypto in a Global Recession?

in cryptocurrency •  6 years ago 

Yes, I agree with you, if I were in Venezuela, I would rather put everything I have in crypto. Internet is pretty cheap and accessible to a lot of people. Even building food storages are risky, since there are gangs who invade your home and plunder everything. I have communicated with Venezuelans who experienced such things in their neighborhood.
The emerging markets are going to have a serious problem the next couple of years, because they made a lot of debt when the Dollar was cheap and now interest rates are increasing.
The big money comes from the rich countries though, they will mainly dictate the price of crypto.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!